Timmy Dooley (Fianna Fail)
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I thank Ms Sikow-Magny for her contribution. In terms of where the market is at, we understand that the wholesale price of gas is at a pre-war level and yet consumers and businesses here pay significantly higher prices for electricity. To some extent, electricity suppliers make the argument that they had hedged their positions but my understanding is that a lot of that is washed through now. Would Ms Sikow-Magny like to comment on that?

The proposals regarding the Common Agricultural Policy, CAP, that are due to be implemented in Ireland make a differentiation between technologies, so wind and solar are to be capped at €120 per MWh and yet pump storage and hydro are to be capped separately at €180 per MWh. They are all renewables. Both pump storage and hydro are already supported. It is my understanding that they are already supported through the capacity element of the market. Obviously solar and wind do not get support. Does Ms Sikow-Magny have a view on the way in which we are implementing, or propose to implement, this directive in terms of not making it technology neutral?